Are Wall Street Regulations Effective?
Monday, February 17, 2014
The financial meltdown in 2008 triggered nationwide outcry over the lack of regulation and oversight on Wall Street. But how much has changed since then? Leonard interviewed Larry Doyle about that in January, and we're re-airing the conversation today. Doyle argues that Wall Street, politicians, and the regulators themselves have conspired for personal and industry-wide gains while failing to protect investors, consumers, and taxpayers. In In Bed with Wall Street discusses recent scandals, such as the multi-billion dollar trading losses at JP Morgan Chase, the manipulation of interest rates via the LIBOR scandal, and money laundering with North American drug cartels and rogue nations such as Iran.